US partners with PV Gas on raising Vietnam’s LNG standards

17-Dec-2019 Intellasia | VNS | 6:02 AM Print This Post

The application of international LNG (Liquefied Natural Gas) standards would ensure safety in the design, construction and implementation of infrastructure projects in Vietnam, a US official said on Friday at a workshop on the adoption of globally recognised standards in Vietnam.

Timothy Liston, acting US consul general in HCM City, said that the US wants to help Vietnam’s public and private sector carry out the LNG standards.

“Today’s programme focuses on the importance of sharing information and best practices in LNG industry codes and standards, with the goal of aiding Vietnam’s public and private sector to carry out internationally recognised standards in the energy sector. These standards positively impact public health, industry safety, and the environment,” he said.

In 2017, the US became a net exporter of natural gas for the first time since 1957 and will become one of the top global LNG exporters in coming years. US energy firms are poised to work with Vietnam to develop its LNG import and gas-fired power generation capacity.

One year ago, US Ambassador to Vietnam Daniel Kritenbrink launched the US Mission’s Asia EDGE (Enhancing Development and Growth through Energy) initiative at a major LNG conference in HCM City.

Asia EDGE is a US government effort to grow sustainable and secure energy markets throughout the Indo-Pacific (also known as Asia Pacific). It seeks to strengthen energy security, increase energy diversification and trade, and expand energy access across the Indo-Pacific.

The US Mission to Vietnam will host a US Department of Commerce-led Business Development Mission to Southeast Asia from March 15-24 with stops in HCM City and Hanoi. The trade mission, with additional stops in Indonesia and Thailand, will be the first organised under the Asia EDGE initiative.

It will help commemorate the 25th anniversary of the normalisation of relations between the US and Vietnam by celebrating current and future bilateral partnerships in the energy sector.

The workshop was organised by the US Mission to Vietnam in partnership with PetroVietnam Gas Joint Stock Corporation (PV Gas).

More than 80 public and private sector representatives attended the event from both countries, including executives from the US energy sector, including leaders of Cheniere Energy, Energy Capital Vietnam, Gen-X Energy, LNG Limited, S&P Global Platts, and Tellurian.


Category: Business, Vietnam

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